Famously (in my own mind) I declared RIMM a deadman walking in June 2011. See here. [more]
I haven't made a major new stock purchase in over two months, as is reflected in my CAPS picks, which all reflect real life money and are my only stock holdings. I am generally not happy when people are as happy as they have been over the last two months. In fact, I sold the last of my MSFT LEAPS when the stock crossed thirty, and I sold one of my BAC 2013 $10 LEAPS when that stock hit $10. [more]
So for anyone keeping score, Buffett's/Berkshire's warrants on BofA are worth a shade under $2 billion (pure profit), as of what BofA is trading at, at this moment.
....and Berkshire has another 9&1/2 years in which to excercise them.
Hey folks, I have decided to get serious about a little blogging of my own. I'll continue blogging here. But I have created new Twitter and Tumblr accounts. [more]
At various times I and the proponents of gold have debated the merits of holding PM, which does all of its business in non-U.S. currencies but reports earnings in dollars (and does some hedging), versus gold. This is a continuing story. I post in the full knowledge that after some reversal in 2012 or 2013 I'll get slapped around by frankydontfailme or someone. [more]
Hadn't really paid attention to my watchlist for awhile. My God FSLR has been hammered in the last few months! I was never keen on the company and did not own it because of the dependence upon European government subsidies, and because its panels have certain disadvantages over Chinese and Korean-made panels. But I thought it was a decent company. Now it is not quite at NetNet territory, but the stock now trades for less than the value of its current assets. Yowzers. Priced for at least a couple of years more of outright, precipitous decline. I don't have a conclusion here, I just distinctly remember getting a bit excited when it hit $75 or so, and then looking it up and reading more about the subsidies and thinking, nah. Boy I'm glad I did. [more]